If you go back in history whenever we have had periods of forced liquidation like we are having now, periods that only have happened nine or ten times every 100 or 150 years, people have had to sell everything without regards to the fundamentals. The way you make money historically in times like this is you find the fundamentals that are unimpaired and thats what you buy.

The fundamentals of General Motors are impaired. The fundamentals of City Bank are impaired by what is happening. The fundamentals of most industries of the world are very impaired. The only thing I know where the fundamentals are not impaired, but are enhanced, are commodities, coming out of this. Things are so bad that some farmers cant get loans for fertilizer. No one can a loan to get a new mine. Mines are closing, farmers are suffering. So the fundamentals of commodities are actually getting better because the supply is under terrible pressure when the world is going to continue to eat and everything else. The best place to be invested now is commodities, China, the Yen and commodities. Commodities have been in a bull market since 1998, 1999. The bull market was caused by supply and demand being terribly out of balance In the 80s and 90s there was very little money invested in productive capacity for any commodities; Think about all the great oil field in the world. They were discovered more than 40 years ago. The UK has been exporting oil for 26 years, within the decade the UK will be importing oil. The US is in serious trouble; the UK is in worse trouble. The UK has nothing to sell. Once the North Sea Oil dries up the UK will be in much, much worse shape. 

The international energy agency has come out with a report showing that the worlds oil reserves are declining at a rate of 6.7 % per year even after discoveries. You can do the arithmetic, in 15 years there will not be any oil at any price unless something dramatic changes. the facts are all the world oil reserves are in serious decline. This is true of all commodities you are going to see huge supply problems, the worlds inventories of food are the lowest they have been in 50 years. We have a shortage of fertilizer, we have a shortage of tractors, and we have a shortage of farmers . Full video at Jim Rogers on the Asian Financial Forum pt 1/2 Jan 21 2009 and Jim Rogers on the Asian Financial Forum pt 2/2 Jan 21 2009

Schiff Quote :"Everytime government planning has been tried,all it's done is made things worse. It didn't work in communist China, it didnt work in the Soviet Union. Barack Obama is no smarter than Khrushchev or Mao. He may think he's smarter than everyone else..."

Rogers knows Washington can't print worlds commodities. I saw a clip of Hannity on H+C FNC in October and he was bragging about how great the US economy was. Speaking of prostitutes, Hannity is paid by GM and supported the bailouts on his show.

Buyers of scrap metal are buying at a loss and hoarding as much as possible waiting for prices to rebound. Right now prices of metals are in the tank. I suppose they buy at a loss to keep their suppliers in business and to build up their stock.

The international energy agency has come out with a report showing that the worlds oil reserves are declining at a rate of 6.7 % per year even after discoveries. You can do the arithmetic, in 15 years there will not be any oil at any price unless something dramatic changes.

Looks like multiplication is hard for Jim. 15 years of 6.7% declines leaves us with 35.3%, not 0%.

I am looking for away out of america's ride off a cliff. I am not handing Obama my savings and paycheck out of patriotism. BTW: Rogers didnt move his family to Hong Kong because of it's pollution..

I saw Harry Dent on FNC yesterday warning of a long american depression because of slowing of boomer spending for retirement. He said stocks will go up a short time from stimulus but you need to get out then and buy gold and commodities for inflation protection. After that I saw Rogers clip here saying similar.

Rogers had to go to Asia to find workers who can multiply two numbers together correctly like this example, That whore! He should stay in american where public schools teach 6.7*15= 43 and 5% of taxpayers can pay for Obama’s programs.

RE “The specific prediction about oil running out in 15 years is wrong.”

He is saying that it’s a great investment, that use will go up and supply will go down, even with increased exploration. We will never see a 1990s cheap energy climate again. So far I dont read any arguments to the contrary. I know that financials will not make a good investment. Will they?

He actually said “.. in 15 years there is not going to be any oil at any price unless something dramatic happens” So your prediction matches his even though you are trying to play got-ya and not really claim anything about future prices(so no one can play got-ya with you.)

He refused to move to China because of the pollution. Still, China paid for most of GWB/Pelosi stimulus and bailout packages, and WOT. America loves their cheap products and their loans even though they build weapons to threaten us. I heard a theory that China can’t fight us because we owe them too much money. America is still up for another Chinese funded democrat give-away so called stimulus package, being in love with Obama. In fact I even read some of the bailout went to Chinese investors. I guess Rogers is following the money.

Back to investments. I just as assume survive and not have my life savings printed or taxed away , if possible.

Jim Rodgers has pledged allegiance to a foreign nation that is our rival. This would be China. He is making sure his little girl learns Mandarin. All this based on China being a nation of the future which loves to proclaim all the time.

Jim Rodgers should drop dead

31
posted on 01/25/2009 12:52:44 PM PST
by dennisw
(Meshuggah Muhammad put the following words in the mouth of his sock puppet deity...................)

Since I've spent time in politics and even some time in office, I cannot trust most of the polls being presented. Especially by a media that simply uses them to make news, manipulate news and muddy the political waters with slanted diversions!!!

Anyone who turns their back on this nation, regardless of one's bitterness over superficial polls, is exercising terrible judgement and is not fit to give Americans advice of any kind.

When you throw in the towell on America and actually vote with your resources in directions that dismiss your homeland, or even your adopted nation, then you should also surrender your citizenship with all it's protections, including the right to vote in a secret ballot election, IMHO!!!

Don't get me wrong. I agree with Ayn Rand and "The Virtues of Selfishness," but I deeply resent American citizens who stop acting (and investing) like one!!!

37
posted on 01/25/2009 10:20:12 PM PST
by SierraWasp
(The Jim Jones of the 21st Century is now POTUS!!! Premier 0bama the illegitimate!!!)

The international energy agency has come out with a report showing that the worlds oil reserves are declining at a rate of 6.7 % per year even after discoveries. You can do the arithmetic, in 15 years there will not be any oil at any price unless something dramatic changes"

The international energy agency has come out with a report showing that the worlds oil reserves are declining at a rate of 6.7 % per year even after discoveries. You can do the arithmetic, in 15 years there will not be any oil at any price unless something dramatic changes. the facts are all the world oil reserves are in serious decline. This is true of all commodities you are going to see huge supply problems, the worlds inventories of food are the lowest they have been in 50 years. We have a shortage of fertilizer, we have a shortage of tractors, and we have a shortage of farmers .

Yes, millions of us might be starving to death in 20 years, but on the bright side, bailed out banks are buying private corporate jets... /sarcasm

44
posted on 01/26/2009 7:47:15 PM PST
by GOPJ
(Corrupt business decisions get bailed-out. Why should I play by the rules?FReeper-pierrem15)

His analysis seems sound. Remember the oil shortage of 1970s led to oil glut of 80s-90s , which led to shortage up to 2008. If the economy had not crashed we might have cycled through lows again, but the crash is starving investment. Plus democrats have multiple inflation strategies: unions, green energy, printing money, .

I feel like everyone, both parties, the media, the investment advisors are all lying to us about the value of government massive debt based action. Like in 1973 Soylent Green

Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.